Section OB 56 — Income Tax Act 2007: ICA final balance

OB 56 ICA final balance Debit (1) An ICA company has an imputation debit for a credit balance in the imputation credit account when the company stops being an ICA company. Table reference (2) The imputation debit in subsection (1) is referred to in table O2: imputation debits, row 29 (final balance). Debit date (3) The debit date is the day the company stops being an ICA company. Defined in this Act: ICA company , imputation credit account , imputation debit , Compare: 2004 No 35 s ME 5(1)(k), (2)(j)